Middle East and Africa EdTech and Smart Classroom Market

Market Introduction

The governments in MEA are adopting smart education as a means of economic development and prosperity. Therefore, they highly focus on development of skilled professionals for the booming MEA EdTech and Smart Classroom market. Governments across the region are constantly investing ~20% of their nation's government expenditure on the education sector, which is a significant amount compared to average allotments. Additionally, the government is supporting e-learning initiatives focused on increasing education delivery, and the government is also pursuing different ways where students' parents can directly communicate with their teachers.  According to UNICEF, in Middle East and North Africa (MENA), ~110 million children stayed at home due to school closures because of the COVID-19 crisis. Similarly, as per the online community MAGNiTT, before COVID-19, the Middle East received funding for the development of EdTech of ~US$ 1.26 million compared to US$ 20 million in 2019. The COVID-19 crisis has positively supported the growth of EdTech startups. Noon Academy, Zedny, Ashtar, Abwab, Almentor.Net, and PraxiLabs are among the EdTech startups in the region. These startups concentrate on providing impressive online classes during the COVID-19 crisis, which, in turn is boosting the growth of the EdTech and Smart Classroom market in the region.

Furthermore, the MEA includes countries such as Saudi Arabia, the UAE, Iran, and South Africa, among many others. As per UNICEF publication “MENA Generation 2030,” the region is anticipated to witness its most productive years from 2018 to 2040 owing to the growing potential of its demography. Presently, children and young people (of age <24) represent nearly half of the region’s population. This presents a huge opportunity for the edtech and smart classroom solutions companies catering to schools, colleges, and universities in this region. The COVID-19 outbreak has had a severe impact on Iran, Saudi Arabia, Qatar, South Africa, and the UAE. The pandemic has hindered the economic and industrial growth of these countries in the past few months. However, the shutdown of educational institutions has been driving the adoption of digital technology solutions in the education sector to facilitate uninterrupted teaching and learning processes.

Market Overview and Dynamics

The edtech and smart classroom market in MEA is expected to grow from US$ 3,565.0 million in 2019 to US$ 7,626.1 million by 2027; it is estimated to grow at a CAGR of 9.8% from 2020 to 2027. The growing popularity of cloud computing and cloud-based solutions among various industry sectors and its potential to accelerate the development and adoption of innovative technology solutions and services for enhanced user experience & improved operational productivity, are some of the key factors that are driving the demand of cloud-based solutions across education industry stakeholders. Cloud-based software solutions offer easy scalability and high operational flexibility to education companies and institutions while reducing their overall costs and operational risks. In addition to this, the ever-evolving cloud architectures, system algorithms, easy accessibility, and integration of advanced features in cloud solutions are fueling the adoption of these solutions in diverse industry verticals, including education sector. Cloud deployment is an attractive option for organizations of all sizes ranging from small to medium to large scale, owing to several benefits of cloud-based offerings such as payment on use-basis, regular data backup, high security, comparatively low capital & operations costs, and also instant provisioning features for up to date functionality provided by such solutions. Hence, the high scalability, enhanced security, improved operational flexibility, easy deployment, accessibility, and affordability are some of major benefits of cloud-based edtech and smart classroom solutions that are fueling the adoption of these solutions among education organizations in MEA.

Key Market Segments

In terms of component, the hardware segment accounted for the largest share of the MEA edtech and smart classroom market in 2019. Based on deployment type, cloud held the largest market share in 2019. In terms of end-user, upto k-12 segment held a larger market share of the MEA edtech and smart classroom market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the edtech and smart classroom market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Apple Inc.; Blackboard Inc.; Cisco Systems, Inc.; IBM Corporation; Microsoft Corporation; Oracle Corporation; SAP SE; SMART Technologies.

Reasons to buy report

• To understand the MEA edtech and smart classroom market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA edtech and smart classroom market
• Efficiently plan M&A and partnership deals in MEA edtech and smart classroom market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA edtech and smart classroom market
• Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.

MEA EdTech and Smart Classroom Market Segmentation

MEA EdTech and Smart Classroom Market - By Component

• Hardware
• Software

MEA EdTech and Smart Classroom Market - By Deployment Type

• On-Premises
• Cloud
• Hybrid

MEA EdTech and Smart Classroom Market - By End-User

• Upto K-12
• Higher Education

MEA EdTech and Smart Classroom Market - By Country

• Saudi Arabia
• UAE
• South Africa
• Rest of MEA

MEA EdTech and Smart Classroom Market - Company Profiles

• Apple Inc.
• Blackboard Inc.
• Cisco Systems, Inc.
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• SMART Technologies

Middle East and Africa EdTech and Smart Classroom Market Strategic Insights

Middle East and Africa EdTech and Smart Classroom Market Segmentation Analysis

Middle East and Africa EdTech and Smart Classroom Market Report Highlights

Middle East and Africa EdTech and Smart Classroom Report Scope

Middle East and Africa EdTech and Smart Classroom Market Country and Regional Insights